Funding arb · Price arb /

COPPER

RWAall COPPER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.012%

Price spread now: HTX against GRVT+0.031%77s7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on GRVT Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.106%+$11 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropGRVT: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: HTX is 0.031% dearer against GRVT than usual: you sell high and buy low, +$3 on $10k if it goes back to zero (this spread has no 7-day history yet). The two prices were read 77 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT COPPER_USDT_Perp	6.8079	0	get 0.0000% / 4h	3h 54m	$94K	$2.2M	25x
Short	HTX COPPER-USDT	6.8100	0	get 0.0000% / 4h	3h 54m	$60K	$27K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against GRVT. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee GRVTbpFee HTXbpOrdersPrice spread, now +0.031%Rate

Funding earned: $0
Price spread: +0.031% → 0.000%: $3.07
Slippage, 4 orders: no order book: not counted
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee HTX: 6 bp × 2 orders: −$12
Net: −$17.93
Costs to cover: 0.210%
Break-even: never at this rate

Slippage unknown: GRVT: live order book, 4 min ago; HTX: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy GRVT live order book, 4 min ago	0.74 bp	9.8 bp −$10	18.2 bp −$182	doesn't fit	doesn't fit
Sell HTX no order-book sample	—	—	—	—	—

HTX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

COPPER on 28 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kraken Futures PF_XCUUSD	−0.0448%	1h	6.7955	−0.182%	$28K	$174K	20x	as long as short
BloFin COPPER-USDT	−0.0011%	4h	6.8070	−0.013%	$87K	$150K	100x	as long as short
edgeX COPPERUSDC	−0.0005%	4h	6.8046	−0.048%	$93K	$317K	20x	as long as short
Aster XCUUSDT	0.0000%	4h	6.8079	−0.001%	$32K	$36K	50x	as long as short
Binance COPPERUSDT	0.0000%	4h	6.8080	+0.001%	$9.0M	$34.1M	100x	as long as short
OKX XCU-USDT-SWAP	0.0000%	8h	6.8071	−0.012%	$470K	$990K	50x	as long as short
Gate XCU_USDT	0.0000%	8h	6.7950	−0.190%	$1.3M	$491K	100x	as long as short
MEXC COPPER_USDT	0.0000%	4h	6.8080	+0.001%	$26.9M	$4.9M	100x	as long as short
Bitget COPPERUSDT	0.0000%	4h	6.8090	+0.016%	$1.7M	$1.0M	100x	as long as short
Variational Omni COPPER	0.0000%	4h	6.8076	−0.005%	$741K	$1.6M	—	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT COPPER_USDT_Perplong	0.0000%	4h	6.8079	long leg	$94K	$2.2M	25x
SunX COPPER-USDT	0.0000%	4h	6.8080	+0.001%	—	$7.4M	20x	as long as short
HTX COPPER-USDTshort	0.0000%	4h	6.8100	+0.031%	$60K	$27K	75x
Phemex COPPERUSDT	0.0000%	4h	6.7940	−0.204%	$4.2M	$78K	100x	as long as short
gTrade (Gains Network) HG/USD	L +0.0002% / S −0.0001%	1h	6.8056	−0.034%	$177K	—	250x	as long as short
QFEX COPPER-USD	+0.0004%	1h	6.8070	−0.013%	$1.5M	$139K	20x	as long as short
Phoenix COPPER	+0.0035%	1h	6.8062	−0.025%	$45K	$30K	20x	as long as short
Vest HG-PERP	+0.0046%	1h	6.8051	−0.041%	—	$82K	25x	as long as short
Lighter XCU	+0.0048%	1h	6.8172	+0.136%	$477K	$45K	20x	as long as short
Paradex XCU-USD-PERP	+0.0050%	8h	6.8084	+0.008%	$1K	$3K	5x	as long as short
tradeXYZ xyz:COPPER	+0.0050%	1h	6.8042	−0.055%	$10.4M	$5.1M	20x	as long as short
SoDEX COPPER-USD	+0.0050%	1h	6.8050	−0.043%	$901	$3K	20x	as long as short
Ondo Perps COPPER-USD.P	+0.0050%	1h	6.7992	−0.128%	$57K	$55K	15x	as long as short
Pacifica COPPER	+0.0100%	1h	6.8080	+0.001%	$23K	$14K	10x	as long as short
KuCoin COPPERUSDTM	+0.0100%	4h	6.8010	−0.102%	$258K	$25K	50x	as long as short
Orderly PERP_COPPER_USDC_mythos	+0.0100%	8h	6.8130	+0.075%	$3K	—	10x	as long as short
Aevo COPPER-PERP	+0.0104%	1h	6.8050	−0.043%	$311	—	10x	as long as short
Extended XCU-USD	+0.0384%	1h	6.8054	−0.037%	$230K	$2.9M	20x	as long as short